The capacity of railway tracks is a scarce commodity that is, by nature, more complex than many other commodities. This paper presents results from a series of economic testbed experiments on the performance of different auctioning mechanisms for allocating track capacity between competing...

This study examines the cost implications of competition over existing US freight rail lines by testing for the condition of cost subadditivity. The study finds: (1) that there are economies associated with vertically integrated roadway maintenance and transport, suggesting that separating the...

The regional Special Commission for Decontamination of Chile's capital, Santiago, was formed in 1990. The issue of regulating passenger car emissions was one of the first initiatives on the commission's agenda, empowering a group of consultants and administrators to set up a structure for the...

The authors study the relationship between aircraft cost and size for large commercial passenger jets. Based on a translog model, they develop an econometric cost function for aircraft operating cost and find that economies of aircraft size and stage length exist at the sample mean of their data...